Merger Wave Coming to Oil Stocks?
Chevron offered billion dollars for Anadarko this week. With oil company reserves declining due to underinvestment are we at the beginning of another merger and aquistion wave in the oil industry? Valuations are low and oil companies are cashed up. Iy is easier to drill for reserves on Wall Street than out in the oilfields. I also discuss uranium news and Section 232 outcome.
Adventures In Capitalism blog
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